Mukesh Ambani Preps India's Alibaba With Rs. 1.73-Lakh-Crore Holding Company

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Mukesh Ambani Preps India's Alibaba With Rs. 1.73-Lakh-Crore Holding Company
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Mukesh Ambani Preps India’s Alibaba With Rs. 1.73-Lakh-Crore Holding Company

A series of capital transfers would make Jio almost debt free by March 2020, the parent said October 25.

https://www.ndtv.com/business/mukesh-ambani-rea...

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3 Comments  |  
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Ab samjh aaya, jio se kema kema ke issme lagayega hamaara paisa mota bhai… sad toungueout

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vijkap201 wrote:

Ab samjh aaya, jio se kema kema ke issme lagayega hamaara paisa mota bhai… sad toungueout

JIO is a loss making company, if the debt taken for JIO considered under JIO instead of parent company of JIO (Reliance industries)

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makeourdeal wrote:

JIO is a loss making company, if the debt taken for JIO considered under JIO instead of parent company of JIO (Reliance industries)

JIO phone expenses are added to Reliance digital or some other company and the JIO recharges are added to JIO.
So losses go to some other company and profit goes to JIO.
Clever way of promoting JIO.

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